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Thread: USD/CAD

  1. #21
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    USD/CAD - fundamental analysis-May 7,2018

    The pair continued to trade within a tight range and consolidate for another week.The pair had broken down through the 1.30 region which established the bears as being in control of the pair and since that time,we have been seeing the pair under pressure.The only major news of note last week was the employement report from the US in the form of NFP data.
    In the coming week, we have the PPI and the CPI data from the US. All of these are likely to have a large impact on the pair in the short term.The dollar would continue to be strong as long as the incoming data does not miss the mark by much. The traders continue to believe that there would be atleast 2 more rate hikes from the Fed and as long as the economic data supports that view, we should be seeing the dollar being buoyed. The CAD could also gain in strength based on the employment numbers and that is why we believe that this pair, among all, is the one that is likely to range and consolidate for much of the short and medium term.

  2. #22
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    USD/CAD Fundamental analysis..week of may 14, 2018


    *pair has been moving up and down(last week)

    The pair fell hard during the course of the week after having pushed higher earlier in the week.This led to some choppy trading during the week but,the bears seemed to have taken control of the pair and the pair finished lower during the week and this may continue in the coming week.

  3. #23
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    Quote Originally Posted by Vichu View Post
    USD/CAD Fundamental analysis..week of may 14, 2018


    *pair has been moving up and down(last week)

    The pair fell hard during the course of the week after having pushed higher earlier in the week.This led to some choppy trading during the week but,the bears seemed to have taken control of the pair and the pair finished lower during the week and this may continue in the coming week.
    According to me, bullish trend has been started already! I think, 1.2531 was a good buy level, although I missed that change, if market touches this level once again then surely, I’ll open a buy trade here.

  4. ARIONFORXtarder
 

 
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